Audax Private Equity said April 19 that it acquired acquire Impact Facility Services, LLC d/b/a Academy Fire Life Safety. Financial terms weren’t announced. Caltius Equity Partners was the seller. Academy, of Maspeth, New York and Long Beach, California, provides fire and life safety services to national, regional, and local customers across retail, hospitality, healthcare, industrial, and other end markets. Lincoln International served as financial advisor to Academy. Kirkland & Ellis LLP served as counsel to Audax
BOSTON–(BUSINESS WIRE)–Audax Private Equity (“Audax”) announced that it has partnered with management to acquire Impact Facility Services, LLC d/b/a Academy Fire Life Safety (“Academy”). Audax acquired Academy from Caltius Equity Partners, a private equity firm based in Los Angeles, CA. Terms of the transaction were not disclosed.
Academy, headquartered in Maspeth, NY and Long Beach, CA, is a leading provider of fire and life safety services to national, regional, and local customers across retail, hospitality, healthcare, industrial, and other end markets. Academy offers inspection, service, customized work orders, and installation for fire alarms, sprinklers, fire extinguishers, and other fire suppression systems. For more information, visit www.academyfire.com and www.impactfiresvcs.com.
Geoffrey Rehnert, Co-CEO of Audax, said, “Academy is a leader in the fire and life safety services industry. We look forward to working with Mike Lloyd and the Academy team to continue building a leading platform through organic growth and add-on acquisitions.”
Mike Lloyd, CEO of Academy, said, “Academy is excited to be partnering with Audax for our next chapter of growth. Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”
Lincoln International served as financial advisor to Academy. Kirkland & Ellis, LLP served as counsel to Audax.
ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 104 platform and 559 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $11 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com.